UPS to Cut Up to 30,000 Jobs, Close 24 Facilities in Push for Higher Margins

UPS will cut up to 30,000 operational jobs and close 24 facilities in 2026 as it shifts toward higher‑margin shipments and continues winding down low‑margin Amazon deliveries; the cuts follow last year’s 48,000 job eliminations and aim for about $3 billion in annual savings, using attrition and a second voluntary separation program for full‑time drivers. The firm reported a fourth‑quarter beat and issued 2026 revenue guidance of about $89.7 billion, aided by stronger pricing per piece, but expects revenue to dip in the first half before rising again as the Amazon glide‑down ends.